and then asses how they affect an emerging economy whose interest rate is affected by a world risk-free rate and a risk …

This study analyses the risk dependence of international stock portfolio based on three risk metrics, namely, the …

Although most empirical studies conclude that uncertainty delays firms' investments based on real options theory … risk (GPR) on corporate research and development (R&D) investment using newly developed indices. We find a negative …

Using a news-based index of geopolitical risk (GPR), we document a strong negative relationship between firm … options theory. However, the effect is less significant for firms with a stronger ability to substitute labor for capital or … with a higher labor-to-capital ratio, supporting the convex return theory. Furthermore, the impact of GPR on investment …